Intentar ORO - Gratis
Australia's billionaire boom branded 'morally wrong' by Oxfam
Financial Standard
|June 16, 2025
The ranks of Australian billionaires have more than doubled over the past decade, accumulating wealth at $137 million per day on average - $95,000 per minute, according to Oxfam Australia. Its acting chief executive Christina Muli described this as "morally wrong.
The number of Australian billionaires has risen from 74 in 2015 to 161 in 2025, according to the anti-poverty organisation's analysis of the Australian Financial Review Rich List.
Its analysis exposed that the total wealth of Australia’s 200 richest people has grown by 160% to $667.8 billion over the past decade. Property is the primary engine of their riches, followed by retail, investments, and mining/resources.
Esta historia es de la edición June 16, 2025 de Financial Standard.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Financial Standard
Financial Standard
Lead generators 'ruin lives': SCA
Super Consumers Australia (SCA) is calling on the government to alter legislation around cold calling and lead generating practices to better safeguard Australians’ retirement savings.
1 mins
August 25, 2025
Financial Standard
Over 50% of firms see earnings rise
The latest findings from Investment Trends reveal that only half of financial advice practices report positive momentum when it comes to profitability.
1 mins
August 25, 2025
Financial Standard
BACK IN ACTION
Geared strategies have come a long way in the past few years, and with equity markets continuing to show strengthit's no surprise they're making a comeback. But does borrowing money to make money really pay off? Eliza Bavin explores.
10 mins
August 25, 2025
Financial Standard
Buyers demand HNW advice practices
Financial advice practices that service high-net-worth (HNW) clients and earn more than $1 million in recurring revenue are in high demand from acquirers, according to Radar Results.
1 mins
August 11, 2025
Financial Standard
EVER THE OPTIMIST
A self-described optimist, Superhero chief executive John Winters points to persistence as another driver of his success. He tells Karren Vergara why availability, affability and ability also matter.
5 mins
August 11, 2025
Financial Standard
Two more Shield advisers banned
ASIC has banned another two former financial advisers of MWL Financial Services that were involved in investing clients' superannuation into the Shield Master Fund, as well as other breaches of obligations.
1 min
August 11, 2025
Financial Standard
RBA cut all but certain: Experts
The Consumer Price Index (CPI) rose 0.7% in the June 2025 quarter and 2.1% annually, according to the latest data from the Australian Bureau of Statistics (ABS).
1 min
August 11, 2025
Financial Standard
Deal or no deal
The recent EU-US trade deal announced by European Commission President Ursula von der Leyen and US President Donald Trump on July 27 has sparked considerable debate given its promise for substantial changes to the transatlantic trade landscape.
1 mins
August 11, 2025
Financial Standard
Perpetual to launch active ETF
Perpetual is readying to launch an actively managed fixed income ETF in early August.
1 min
August 11, 2025
Financial Standard
SQM sheds light on Shield, First Guardian ratings
SQM Research is facing scrutiny over its questionable ratings of the defunct Shield Master Fund and First Guardian schemes.
1 min
August 11, 2025
Listen
Translate
Change font size